In early January, Adani Enterprises was trading around 3,800 rupees. A student analyzed the stock and identified support at 3,600 rupees, leading them to sell a put option with a strike price of 3,600 and a premium of 100 rupees.
"Adani Enterprises was trading somewhere around at 3,800 rupees okay he did the technical analysis and at that point he said that okay I feel that somewhere around 3,600 he saw some sort of support and that was the reason why he said I wrote a put basically he sold a put at the premium of 100 rupees and the strike price was 3600 rupees"
